my Clint has one net centre, he is getting taxable profit from that, now he is completely in civil works and real estate works, net centre maintenance taken by his wife
my bout is now both are can file IT Returns or net centre income should be clubbed in his income
I'd like to add one more point. If the assessee chooses the second option of treating husband's investment in net centre as a loan, she can also claim interest on such loan against the net centre's income.
Of course, they need to document the loan and should charge a reasonable interest
CAclubindia
